TARP Explained in Pictures
Posted February 20th, 2009 at 3.20pm in Ongoing Priorities.
The federal government’s Troubled Asset Relief Program been complicated and controversial from the beginning. First sold by then Treasury Secretary Hank Paulson as a plan to buy mortgage-related assets from U.S. financial institutions,TARP quickly morphed into an incoherent slush fund. New Treasury Secretary Timothy Geithner has had a very similar problem deciding how best the federal government can interfere with the market place.
The government’s constant policy whiplashes can be hard for the American people to follow. So here, in just 10 pictures, is TARP definitively explained:
UPDATE: Yes, we know some of the later pictures in the sequence are Photoshopped. But there’s nothing wrong with a little fun on a Friday!


February 22, 2009 Barb -mn writes:
Conn,
I am sorry to bother you but I am most familiar with your name. I was wondering if you could share with me why my posts on various blogs are not making the cut? Including this one. Have I violated something? please feel free to e-mail if you should. Thank you.